On March 26th, shoppers in the United States will be able to trade in their used video games for store credit at Walmart locations across the country.
Walmart is following in the footsteps of Best Buy and Target, choosing to accept trade-ins of PlayStation, Xbox and Nintendo games. The catch is that instead of getting cash, shoppers will receive store credit that can be used on any product at Walmart or Sam's Club, in store or online.
"Gaming continues to be an important business for us and we're actively taking aim at the $2 billion pre-owned videogame opportunity," said Duncan Mac Naughton, chief merchandising and marketing officer for Walmart U.S.
Walmart won't be accepting consoles, so gamers will still have to go to their local GameStop (or EB Games here in Canada) to trade those in.
According to Reuters Canada, GameStop shares fell 6 points this morning at the New York Stock Exchange with this news as Walmart's entry is going to eat up some of its market share as the top dealer of used games.
No news yet if this program is going to come to Canada, but I assume it will. Best Buy and Future Shop already have a used games business. I took part in the large trade-in event last year at Future Shop and got rid of my copy of NHL 12 for a brand spanking new version Call of Duty: Ghosts.
Stay tuned for more info!